A virgin owner-financed note for 22k against a newly remodeled asset that's well worth 60k. The home is a 3 bedroom, 1 bath, 1,000sq/ft slab home built in 1988. It has custom granite countertops and tile backsplash in the kitchen and a newly remodeled bathroom. New flooring, paint, and doors throughout. Fresh landscaping and a brand new 30yr shingle roof. We have a set of 1st time home buyers with zero credit, but they have a substantial down payment. We are marketing this note at full value. Due to the value of the asset, we think it's worth every penny. We have structured a loan at 8.5% interest for 15 years with no balloon.

Looking for an investor that is interested in taking on this note. Long term ROI potential..
Posted 06/15/15 -
Updated Jul 15, 2016

I like your enthusiasm, but getting full value for this paper just isn't going to happen. I would suggest offering a partial purchase if they just need to raise some cash right now. If you would like for me to give you a quote let me know. Also, I have a property under contract at 200 W Harding. If... More you know an investor that might be interested please contact me. Less

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